Open Text Shares Higher as 2Q Content Management Cloud Unit Props Revenue Above Views

Dow Jones

Feb 06

By Adriano Marchese

Shares of Open Text climbed Friday after the company reported better-than-expected revenue, driven by its content management cloud business.

Shares trading in Toronto were 4.6% higher at 32.66 Canadian dollars ($23.82).

The Canadian enterprise-software company late Thursday reported revenue that fell slightly, down by 0.6% at $1.33 billion. Revenue came in ahead of expectations, with Wall Street anticipating a decline to $1.3 billion, according to FactSet.

Cloud revenues rose 3.4% to $478 million, while enterprise cloud bookings rose 18% to $295 million.

Annual recurring revenues were $1.06 billion, up 0.7%.

Net income fell to $168 million or 66 cents a share, compared with $230 million or 87 cents a share a year earlier.

On an adjusted basis, earnings were $1.13 a share, topping expectations of $1.03.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

February 06, 2026 10:02 ET (15:02 GMT)

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Revenue came in ahead of expectations, with Wall Street anticipating a decline to $1.3 billion, according to FactSet. \n\n\n  Cloud revenues rose 3.4% to $478 million, while enterprise cloud bookings rose 18% to $295 million. \n\n\n  Annual recurring revenues were $1.06 billion, up 0.7%. \n\n\n  Net income fell to $168 million or 66 cents a share, compared with $230 million or 87 cents a share a year earlier. \n\n\n  On an adjusted basis, earnings were $1.13 a share, topping expectations of $1.03. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 06, 2026 10:02 ET (15:02 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}